This Is Elon Musk's Breakthrough, Suggesting Blue Twitter Subscriptions Are Cheaper And Can Be Paid With Dogecoin

JAKARTA - Elon Musk, the current largest shareholder of Twitter Inc., on Saturday, April 9, suggested a series of changes to the social media giant's premium subscription service, Twitter Blue. These suggestions include cutting prices, banning ads, and providing the option to pay in the cryptocurrency Dogecoin.

Musk, who announced a 9.2% stake in Twitter a few days ago, has also been offered a seat on its board of directors. It's a move that has some Twitter employees panicking over the future of its ability to moderate content.

According to a Reuters report, Twitter Blue, launched in June 2021, is Twitter's first subscription service and offers "exclusive access to premium features" on a monthly subscription basis. However Twitter Blue is only available in the United States, Canada, Australia, and New Zealand.

In a Twitter post, the head of electric vehicle maker Tesla Inc suggested that users signing up for Twitter Blue should pay significantly less than the current $2.99 per month currently, and should get an authentication tick as well as the option to pay. in local currency.

"Pricing should probably be ~$2/month, but paid 12 months in advance & account unchecked for 60 days (note credit card chargebacks) & suspended without refund if used for fraud/spam," Musk said in a tweet.

"And no ads," Musk suggested. "Companies' power to dictate policy is greatly increased if Twitter relies on advertising money to survive."

Musk also proposed an option to pay with dogecoin and asked Twitter users for their opinion. Twitter declined to comment on Musk's suggestion.

The company already allows people to tip their favorite content creators using bitcoin. Twitter had said last year that it plans to support authentication for NFTs, or non-exchangeable tokens, which are digital assets such as images or videos that reside on the blockchain.

Musk also started a poll on his Twitter account - which has more than 81 million followers - asking whether the company's San Francisco headquarters should be turned into a homeless shelter because "no one showed up (to work there)". The poll got more than 300.000 votes in an hour, with 90% saying yes.